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In the wake of escalating environmental concerns and the pressing need for sustainable energy solutions, governments worldwide are increasingly turning towards renewable energy sources to mitigate climate change impacts. In India, one such initiative gaining momentum is the promotion of rooftop solar installations, buoyed by the ambitious target set by the government to solarize one crore homes by 2024. Central to this initiative is the concept of rooftop solar subsidies, designed to incentivize residential homeowners and apartment communities to embrace solar power.
We bring forth every question you have on Rooftop Solar and answer them in simple terms.
Rooftop solar is gaining momentum for several reasons.
For a 25 kWp system and above, you can achieve ROI in 5 years.
Rooftop subsidies entail financial support extended by governments or other entities to facilitate the implementation of rooftop solar systems.
Government assistance may come in the form of a rebate to offset initial capital costs or loan aid for setting up rooftop installations.
This inclusive approach aims to democratize access to clean energy solutions, empowering residential homes and apartments to contribute to a greener future.
Things to keep in mind
Rs.18000 per kW for common facilities, including EV charging up to 500 kW capacity (@3kW per house), with the upper limit being inclusive of individual rooftop plants installed by individual residents in GHS/RWA.
| Subsidy | Example 1 | Example 2 | Villas/Independent Homes |
|---|---|---|---|
| Utility Power Sanctioned (a) | 50 kw | 30 kW*4 Blocks 120 kW | 5kw |
| No. of Houses | 30 Nos | 120 Nos | 1 |
| Subsidy allocated for each flat | 3kW | 3kW | 5kW |
| Total Sanctioned power for all the houses (b) | 90 kW | 360 kW | 5kW |
| Whichever is lower (a) or (b) | 50 Kw | 120 kW(Each block gets 30kW) | Is not applicable |
| Allowed subsidy per kw | 18000 | 18000 | 78000 |
| Total Subsidy | 9,00,000 | 21,60,000 | 78000 |
Securing the solar subsidy is a straightforward process.
While embracing solar power offers a myriad of benefits, it's essential to tread cautiously and consider the following points:
Rooftop solar panels are a great investment and are great for the environment. Additionally, choosing the subsidy option offers multiple benefits, and below are a few:
We, at Apollo Power, are proud to be MNRE channel partners and DISCOM partners. Since 2012, we have been delivering top-notch solar solutions to industries, apartments, and institutes. Among our esteemed clientele are reputed names such as Brigade, Prestige, Sobha, Raheja, Dr. Jhanavi Nilekani, and LIC.
